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May Rate Hike Likely
- The March CPI report suggests the Fed is on the right track regarding inflation.
- A 25 basis point hike is still likely in May, according to Jay Bryson, Wells Fargo's Chief Economist.
Market Complacency on Inflation
- Market complacency exists regarding the Fed's ability to control inflation and lower rates.
- Jay Bryson expresses concern about a potential disconnect between market expectations and the Fed's commitment to 2% inflation.
Navigate Market Uncertainty
- Avoid directional market exposure due to heightened uncertainty.
- Focus on dispersion within markets, particularly the historically high-interest rate volatility relative to low equity volatility.